In his virtual keynote address at the opening of the 2020 Frankfurt Finance Summit, Finance Minister Olaf Scholz speaks about Germany's effective crisis support programme & emphasises the importance of a strong European response to the coronavirus pandemic.
Due to the coronavirus pandemic, this year's Global Solutions Summit is being held as a virtual event. In his online speech to the Summit, Finance Minister Olaf Scholz focuses on the need for an international minimum tax in order to ensure that everyone contributes their fair share to the financing of public goods.
In light of the challenges posed by the coronavirus crisis, the German government is launching an additional extensive programme to its protective shield for small and medium-sized businesses. Based on the modified Temporary Framework for state aid measures published on 3 April 2020 by the European Commission, the German government is now introducing a comprehensive Quick Loan Programme (KfW-Schnellkredit) for small and medium-sized businesses. The programme will be run by the government-owned promotional bank KfW.